Davao City Investment and Promotions Center head Lemuel Ortonio (davaotoday.com file photo)
DAVAO CITY, Philippines—Government officials are optimistic about the influx of Japanese investments in the city following the state visit last week of Japanese Prime Minister Shinzo Abe.
In a City Information Office dispatch on Monday, Davao City Investment and Promotions Center head Lemuel Ortonio said the city “successfully gained more interest from the Japanese businessmen.”
In order to take advantage of the city’s “robust economy and ease of doing business,” Ortonio invited Japanese businessmen to “invest, live, and play” in Davao City.
Ortonio presented a video which showed the top 10 preferred investment areas in Davao, the diverse tourism activities, and priority government programs of the local government.
Meanwhile, Councilor Danilo Dayanghirang, speaking for City Mayor Inday Sara Duterte during the Philippines-Japan Business Forum held at the Waterfront Insular Hotel on January 13, said one reason for them to be confident to invest in the city is the stronger peace and security programs laid down by the administration of Mayor Duterte.
The forum, held during Abe’s visit, was attended by at least 20 Japanese businessmen and representatives from Japanese firms Marubeni, Mitsubishi, Itochu, Sumitomo, Toyota, and Mizuho.
Executives from Chodai Company Limited, Sumifru (Philippines) Corporation, and Concentrix, which have all established base in the city, also shared their business success stories to the Japanese delegation. (davaotoday.com)
